Xiangzhou District, Zhuhai

A group of financial experts toured three startups in Xiangzhou District on Oct 20, to find out more about the financial issues which arise during a company's first few years.

The delegation, from Technology (Yueka) Runhua Venture Capital, was led by the Xiangzhou District Financial Service Center.

The first stop was Zhuhai Safed Technology, which specializes in gas detector R&D. Since 2015, the company has grown from a small business into an industry pioneer, making low cost, highly accurate products for the mining industry.  

A Xiangzhou government official leads a delegation of venture capitalists around local enterprises to discuss investment cooperation. [Photo / jrfwzx.zhxz.cn]

Also established in 2015, Zhuhai Istuary Innovation Research Institute, started its life with a registered capital of 100 million yuan ($14.8 million), and was founded on the principal of innovation and incubation. The company has helped to incubate several scientific and technological innovation projects including a USB protection device and storage server.

Visitors are toured around Zhuhai Istuary Innovation Research Institute. [Photo / jrfwzx.zhxz.cn]

The last stop was Zhuhai Fujing Technology, which specializes in smart home and is seeking venture capital in order to further expand.

During the site visits, financial issues were discussed related to starting a business, such as cash flow, investment, and business modeling. 

Xiangzhou District Financial Service Center vowed to build a bridge between venture capitalists and firms to support their growth, with more advice and services to be given to young startups.